Catalina Capital Group LLC Has $405,000 Holdings in Duke Energy Co. (NYSE:DUK)

Catalina Capital Group LLC increased its holdings in Duke Energy Co. (NYSE:DUK) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,511 shares of the utilities provider’s stock after buying an additional 413 shares during the period. Catalina Capital Group LLC’s holdings in Duke Energy were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Fortitude Family Office LLC increased its holdings in Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares during the period. Olistico Wealth LLC bought a new position in Duke Energy in the second quarter valued at approximately $30,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the third quarter valued at approximately $30,000. Cedar Wealth Management LLC boosted its holdings in shares of Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Duke Energy in the 1st quarter valued at $36,000. 65.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DUK shares. Scotiabank upped their price objective on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price target on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. The Goldman Sachs Group raised their target price on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets upped their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Price Performance

Duke Energy stock opened at $113.62 on Thursday. The firm has a market cap of $87.74 billion, a P/E ratio of 20.92, a P/E/G ratio of 3.08 and a beta of 0.47. The stock’s 50 day moving average is $115.89 and its 200 day moving average is $108.61. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. Duke Energy Co. has a one year low of $86.61 and a one year high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, research analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.68%. Duke Energy’s payout ratio is currently 76.98%.

Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.